GDPR

FC: EU MORNING BULLETS : 24TH-AUGUST-2017 August 24, 2017 at 07:25AM

* Fed Kaplan (leaning hawk, voter) “is not saying he wants to raise rates again this year”. Fed should let the balance sheet run down soon.

* US House speaker Ryan says it is not in the GOP’s interest to have a government shutdown and that it is “not necessary to choose between border control and shutdown”.

* ECB Hansson (leaning hawk) says focus is on crafting a policy message for the stimulus in 2018,shifting guidance away from bond purchase targets toward the overall level of accommodation would give ECB more leeway. He also shrugs off euro gains saying that “we’ve been moving in a corridor” and believes that “inflation is in the pipeline, it’s just going to take us a bit more time” (Bloomberg interview).

* ECB Weidmann says the stronger euro is partly a reaction to the surprisingly strong euro area recovery. He sees no acute need to extend QE into 2018

* EU Commission rebuffs Berlusconi idea of an Italian parallel currency, saying that there is only one legal currency in the euro area without exception.

* 36% French are disappointed by Macron action since May, 14% are pleased and 50% said it’s too early to judge, Elabe poll.

* Greece is drafting a series of bills to go to parliament next week, hoping that PM Tsipras can showcase them at an upcoming speech to bolster the positive narrative of Greece turning a page (Ekathimerini).